World & BusinessJSW reportedly wants Volkswagen to bear $1.4 billion India tax bill in joint venture deal
The Economic Times reports that an initial partnership agreement is in place, but fundamental issues remain before JSW Group and Volkswagen can finalize the deal.
TLDR
JSW Group is insisting that Volkswagen take on an unresolved $1.4 billion tax liability in India as part of their proposed joint venture, The Economic Times reports. The companies have reached an initial agreement, but key issues still need to be resolved before the partnership is finalized.
JSW reportedly wants Volkswagen to bear $1.4 billion India tax bill in joint venture deal
The Economic Times reports that an initial partnership agreement is in place, but fundamental issues remain before JSW Group and Volkswagen can finalize the deal.